Doha bank exchange rate

Mumbai: Shareholders of Yes Bank on Friday approved raising the private-sector lender’s authorised capital to Rs 1,100 crore at an extraordinary general meeting held in Mumbai, the bank said in a customary filing with local exchanges. A special resolution to allow capital raising through issuance of equity shares or other convertible securities of Rs 10,000 crore was also passed at the meeting. The move comes even as the Mumbai-based bank is seeking to raise funds to enhance its growth capital. The funds would also buttress Yes Bank’s core capital, which is already above the threshold prescribed by the regulator. Earlier this week, ET reported that Yes Bank picked Cantor Fitzgerald, led by former Deutsche Bank global co-CEO Anshu Jain, and local investment banks IDFC Securities and Ambit Capital to raise funds that would help the lender expand its loan book. Yes Bank plans to raise up to $2 billion to shore up its capital base. Shareholders met to discuss increasing the … [Read more...] about Yes Bank gets shareholder nod to raise Rs 10,000 crore

Thirdly, banks' funding requirements are dynamic with periods when a particular bank's funding needs are high and it will readily pay higher than market rates, and vice versa. The new rules will impede the ability of banks to reflect such changes in funding costs of their lending rates as these will be linked to an external benchmark. … [Read more...] about RBI external benchmark for bank loans credit negative: Moody’s

Mumbai: Falling bank deposit rates should not make you lose heart. Fixed deposits of top-rated companies could be an attractive investment option, especially for those desiring safety and reasonable returns. With the Reserve Bank of India announcing the closure of government bonds that paid 7.75 per cent interest and the country’s largest lender State Bank of India slashing deposit rates, financial planners are advising investors to consider fixed deposits of companies such as HDFC, Bajaj Finance, ICICI Home Finance and Mahindra Finance. Investors in a corporate deposit can earn as much as 200-240 basis points higher than deposit with a nationalised bank like SBI. While an SBI deposit pays a maximum of 5.4 per cent, a deposit in Mahindra Finance pays 7.8 per cent for 40 months. Bajaj Finance offers 7.6 per cent for a five-year deposit. Investors can opt to receive interest payment on a monthly, quarterly or annual basis, and many retirees often use such products to meet their … [Read more...] about Investors could look at top-rated company FDs as options shrink

UK-based Sun Global Investments is one of the investment bankers that helped bank to raise the money. It has charted out the following key features of the bond-sale: First major masala bond deal after RBI issued fresh approvals to a series of corporated in December 2017, thus announcing the reopening of the masala bond market. India’s first long dated masala bond – stretched the masala yield curve to 7 Years which coupled with the outstanding 3y and 5y Issuances – creates a reasonable duration yield curve for masala bond Investors INR funding – opens a new conduit for all other Indian Banks First private entity from India to raise an “Investment Grade” masala bond rated BBB- by S&P and Baa2 by Moody’s , thus paving the way for other “rated” issues from India. Oversubscribed almost two times and strong book and first masala ond where UK / EU participation outstripped Asia accounts … [Read more...] about HDFC Bank raises funds via offshore rupee-denominated bonds